President: Reforms require greater coordination of actions of the authorities

President: Reforms require greater coordination of actions of the authoritiesThe situation in the country requires greater coordination of actions of the authorities on the implementation of reforms, as stated by President of Ukraine Petro Poroshenko.

“The merits of the Government in such conditions deserve positive assessment. But we cannot forget that society is not content with the pace of reforms. Today’s decision will not eliminate this problem. I do not reject my responsibility as well,” the Head of State noted at the expanded session of the Cabinet of Ministers that touched upon the issue of raising social standards.

The President emphasized that the Government must ensure the irreversibility of macro-economic stabilization in the coming months, ensure continuation of efficient cooperation with international financial organizations. “We will have another IMF mission from September 22 until the beginning of October. I told Mrs. Lagarde that it would be great for Ukraine that the IMF makes a decision in October to provide another tranche in the amount of USD 1.7 billion. We urgently need this sum. They will ensure stability of our state,” Petro Poroshenko noted.

At the same time, the President emphasized that Ukraine needs FDI.

According to the Head of State, the IMF has already received positive signals for investors, but it is essential to speed up reforms in all areas, especially in terms of deregulation and tax reform, which will provide the necessary incentives for economic growth.

Speaking about the increase in social standards, the President stressed that it is not a single solution. Next year, it should be continued and the budget for 2016 already provides for the allocation of respective funds.

The Head of State emphasized that the fulfillment of conditions for the visa-free regime with the EU is also a priority.

“The assessment mission is currently working in Ukraine. We hope that there will be a positive result. We must make every effort for Ukrainians to have a right to travel around Europe without visas even in such a difficult situation. The full functioning of FTA with the EU, which starts on January 1, 2016, will help us find a permanent economic alternative to a political and unreliable Russian market, the closure of which was a political blackmail and became an element of Russian aggression against our independent state," Petro Poroshenko.

“If changes in the Government are necessary for the solution of these problems, I will accept them. The decision is up to you, but we must ensure joint and efficient cooperation,” the President concluded addressing the attendees.
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